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Editorial Results (free)

1. Letter to the Editor: Beyond PILOTs – Thinking Big and National Leadership -

Responsible tax incentives for economic development are without a doubt part of the equation in primarily closing the deal in recruiting new industry to Memphis.

But are tax incentives enough and are they a differentiator in providing a value proposition for new economic development? Probably not, because most communities if not all offer tax incentives.

2. Last Word: Play Ball, Porch & Parlor and A New Bus System -

If you go to enough political gatherings you start to see parallels. Sometimes you see things that aren’t there but that’s another story. Many political gatherings begin with the pledge of allegiance and a prayer as well. Sometimes the pledge isn’t enough and there is someone there to sing the National Anthem.

3. Crosstown Crossroads -

For the past 90 years, Crosstown has seen its share of ups and downs. In the beginning, it was a shining beacon for the city’s eastward expansion; at its height, it anchored several vibrant and diverse neighborhoods; and at its lowest, Crosstown became the poster child for once-great inner-city areas of Memphis that had deteriorated.

4. Drake Sculpts Community Through Art -

A local artist’s photographs of brightly hued objects – a yellow toy school bus, a crystal owl, a glistening caramel – line the long gallery hall. At a small table near the end of this candy-colored array sits Chantal Drake, communications director at Dixon Gallery and Gardens. To her right, a doorway opens into the Dixon’s collection of antique pewter vessels.

5. State Of The Suburbs -

With its central location, unparalleled access to major roads, rails, runways and rivers and low cost-of-living, it’s no surprise that Memphis and the surrounding area is a popular destination for corporate headquarters, national retail brands and major industrial centers.

6. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

7. Senior Living Community In Hickory Hill Sells for $10 Million -

Legacy IL Property Co. LLC purchased two properties comprising the Residences at Lenox Park senior living community in Hickory Hill on June 11 for $10 million.

8. Senior Living Community in Hickory Hill Sells for $10M -

Legacy IL Property Co. LLC purchased two properties comprising the Residences at Lenox Park senior living community in Hickory Hill on June 11 for $10 million.

9. Editorial: Let City’s Sports Shine On Marathon Weekend -

A bit of ice that resulted in the cancellation of the St. Jude Memphis marathon led to one of those rare chapters in the history of a city that has moderate winters.

On the Saturday morning that there wasn’t supposed to be a marathon, there was one. Runners and their families and supporters showed up in below freezing temperatures to run the streets of the city where St. Jude Children's Research Hospital was founded by Danny Thomas more than 50 years ago.

10. Small Retailers Plan to Party Till They Profit -

NEW YORK (AP) – The parades and carnivals that draw people to downtown areas across the country this holiday season will be more than big celebrations. They're part of a strategy to get shoppers into small stores.

11. Henneberger Joins First State Bank Small-Business Lending Division -

Sean Henneberger has joined First State Bank’s small-business lending division as vice president/business development officer in the Memphis market. In his new role, Henneberger will help small businesses pursue loans through the U.S. Small Business Administration and U.S. Department of Agriculture Business and Industry Guaranteed Loan Program.

12. Cooper-Young Featured in America’s Top 10 Great Neighborhoods List -

Cooper-Young has been named one of 10 Great Neighborhoods for 2012 under the American Planning Association’s Great Places in America program, noted for its revitalization, character and historic architecture.

13. Cooper-Young Featured in Top 10 'Great Neighborhoods' List -

Cooper-Young has been named as one of 10 Great Neighborhoods for 2012 under the American Planning Association’s Great Places in America program, noted for its revitalization, character and historic architecture.

14. The Persistence of Memory -

The Gardens of Germantown, built at a cost of more than $8 million and slated to open Oct. 1, offers unique care concepts for people with Alzheimer’s and other forms of dementia.

The assisted care center at 3179 Professional Plaza Drive has three wings, or neighborhoods, allowing residents to live among others with the same degree of memory loss. Each neighborhood offers posh and secure surroundings with gated gardens outside and saltwater aquariums inside.

15. Gardens of Germantown Secures Funding to Build Alzheimer’s Facility -

3179 Professional Plaza
Germantown, TN 38138
Loan Amount: $8 Million
Loan Date: July 16, 2009


Maturity Date: Aug. 1, 2050
Borrower: Gardens of Germantown LLC
Lender: Deutsche Bank Berkshire Mortgage Inc.
Details: The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.

16. $8M Loan Filed For Alzheimer’s Facility -

The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.

17. 62-Bed Alzheimer’s Facility Coming to Germantown - 3179 Professional Plaza
Germantown, TN 38138
Permit Amount: $5.6 Million

Project Cost: $5.6 million
Permit Date: Applied October 2008
Completion: October or November of 2009
Owner: Alexander Enterprises
Tenant: Alexander Enterprises
Contractor: Patton and Taylor Enterprises
Architect: O.T. Marshall Architects

Details: An Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border.

Developer Alexander Enterprises has filed a permit application with the city-county Department of Construction Code Enforcement to build the 30,500-square-foot, single-story facility. The Gardens of Germantown will be a 48-unit, 62-bed facility that sits on roughly half of a 4.36 acre-parcel backing up to the Village Shops of Forest Hill retail center. Beacon Communities Inc. of Cumming, Ga., will manage the facility.

Construction on the building, set to begin in December, should take 10 months, said Michael Alexander of Alexander Enterprises, with an opening projected for October or November 2009. The property has been divided into two lots, with the Gardens of Germantown slated for the northwest corner of the property.


1.46 Acres in Commons at Dexter Lake
Cordova, TN 38018
Loan Amount: $1.2 Million

Loan Date: Oct. 2, 2008
Maturity Date: April 22, 2009
Borrower: Commons at Dexter Lake LLC
Lender: First Citizens National Bank

Details: A $1.6 million retail center with a French Quarter motif is being built in Cordova. The Commons at Dexter Lake LLC has filed a $1.2 million construction loan to build a 10,400-square-foot retail center, dubbed Vieux Carré, south of Dexter Road and west of Chickering Lane. Construction started last week. The development team bought the land from John B. Maxwell Jr., trustee for the sellers, for $334,541 and filed the construction loan through First Citizens National Bank. Commons at Dexter Lake LLC principal Nancy Waddell signed the trust deed. The center will sit on a 1.46-acre parcel near the Commons at Dexter Lake retail center and the Reserve at Dexter Lake apartments. A spokesman for the developer said the seven-bay center already has five leases signed. Tenants include a Belle Meade salon, financial planner Martin Hearn, a Crown Trophy store and a florist/gift shop. Jeff Blackledge is architect for Vieux Carré. KT Construction LLC, whose partners are Scott Turnage and Riley Kail, will be the general contractor. Turnage said the company is “stripping the lot off right now and pushing hard for the first of the year” to complete the center. “We’re going to go for kind of a hybrid French Quarter style – we’re going to be doing more of a Bourbon Street look,” Turnage said. “It’s going to be a strip center, but we’re going to try to give each space individuality, using depth and height offsets to try to give each space somewhat of a unique appearance.” More retail space will be coming to the site soon.


6075 Winchester Road
Memphis, TN 38115
Sale Amount: $1.4 Million

Sale Date: Oct. 23, 2008
Buyer: World Overcomers Outreach Ministries Church Inc.
Seller: Carlyle Rock Ridge LLC
Loan Amount: $1.2 million
Loan Date: Oct. 24, 2008
Maturity Date: N/A
Lender: Tri-State Bank of Memphis

Details: World Overcomers Outreach Ministries Church Inc. has bought the Hickory Ridge Mall for $1.4 million from Carlyle Rock Ridge LLC. The roughly 500,000-square-foot Hickory Ridge Mall sits on 44 acres at 6075 Winchester Road in Hickory Hill. It was damaged by a tornado during the Feb. 5 storms that ripped through the southern and southeastern areas of town. World Overcomers will retain its congregational home at the former Central Church at 6655 Winchester Road, down the road from the mall. The church bought that property in 2001 for $10 million. Church pastor Alton Williams has announced plans to turn the mall into a Christian community center, replete with a restaurant, banquet hall, theater and other services for the neighborhood. The Hickory Ridge Mall opened in 1981 to much fanfare, but it steadily declined over the years as newer malls opened in other parts of town and tenants departed. The February storm proved to be a death knell for the mall. Although the city of Memphis considered buying it and turning it into a satellite office for city services, the renovation proved too costly.


...

18. Alzheimer’s Facility Slated for Germantown -

A $5.6 million Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border. Developer Alexander Enterprises has filed a permit application with the city-county Department of Construction Code Enforcement to build the 30,500-square-foot, single-story facility.

19. Archived Article: Real Focus - By STACEY WIEDOWER

Housing initiatives help residents weather economic storm

By STACEY WIEDOWER

The Daily News

In these days of job loss and economic hardship, making enough money to buy groceries, put gas in the car and still cover the ...